TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-08-22 Page is: DBtxt003.php txt00028829

CANADA CANADA HAS BETTER CARDS! Trade Report News: Trump Holds the Mic, Carney Holds the Clock Here’s Why Carney’s Silence Could Break Trump’s Plan PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=0F35cv7d5S4
Trump Holds the Mic, Carney Holds the Clock – Here’s Why Carney’s Silence Could Break Trump’s Plan Trade Report News 1.37K subscribers Jul 7, 2025 #news #breakingnews #drama Trump Holds the Mic, Carney Holds the Clock – Here’s Why Carney’s Silence Could Break Trump’s Tariff Plan As Trump’s August 1st tariff deadline approaches, the U.S.–Canada trade talks are entering a critical phase. While Trump pushes publicly, demanding fast results, Prime Minister Mark Carney is playing a different game—quiet, strategic, and deliberate. With no major concessions from Ottawa and markets watching closely, Carney’s silence is becoming the most powerful move of all. Could his refusal to rush throw off Trump’s timeline—and derail the entire deal? In this episode, we break down how a calm strategy is creating pressure Trump didn’t expect, and why time may no longer be on his side. Disclaimer: The information in this video is based on public sources and general economic analysis. It is not meant to serve as financial advice, investment recommendations, or political statements. Third-party content may appear under Fair Use for educational, journalistic, or analytical purposes. Economic conditions and policy outcomes are subject to change. Viewers are encouraged to seek additional perspectives before drawing conclusions or taking action. #news #breakingnews #drama #trump #TRN #canada #carney #g7summit2025 How this content was made Altered or synthetic content Sound or visuals were significantly edited or digitally generated. Learn more Peter Burgess COMMENTARY Peter Burgess 0:00 when the person you're dealing with or the country you're dealing with has multiple objectives jumps around a bit and you've got to be nimble if we do see some trade deals coming through obviously with our country uh that would be I think a big boost President Trump has set the clock ticking toward August 1st the day when his new global tariff framework kicks in with import taxes of 10% to 70% for countries that don't sign trade deals in time and while many governments are scrambling to meet the deadline. One country has taken a different path. Canada. In this final stretch, with pressure mounting and time running out, the world is watching whether Prime Minister Mark Carney will bend to Trump's demands or make the most calculated gamble of his career. With tariffs looming, markets rallied on hope. Wall Street bet that Canada would fold quickly, just like others had. Trump had already declared his intent. If a deal wasn't reached by July 21st, tariffs would rise automatically. No 1:01 more grace periods, no more backroom extensions. And yet, Canada didn't fold. No major concessions were announced. No dramatic press conferences, no movement at the podium. Instead, there was a calm strategic silence. The usual Trump playbook, high pressure, short timeline, visible chaos, was met with something unexpected. Restraint. Investors kept waiting for news. Business leaders, especially those in steel and automotive supply chains, feared the worst. But from Ottawa, the only response was stillness. Carney's approach emphasize how Canada can help the White House on China, on balance of trade issues, on protections for workers, and on border security. Behind that silence was Prime Minister Mark Carney. A former central banker, Carney wasn't looking to play by Trump's rules. Instead of bargaining point by point, he shifted the game entirely. At the Calgary Stampede, Carney addressed 2:01 Albertans directly, not just with words, but with strategy. He called on Canadians to focus inward on housing, on clean energy, on rebuilding economic independence. He knew what Trump wanted. Quick wins, bold headlines. But Carney wasn't playing for the moment. He was playing for stability. Rather than debating dairy quotas or aluminum percentages, Carney brought something different to the table. Value. Canada, he argued, could help the US where it mattered. On trade with China, on labor protections, on border security. This wasn't just a defense. It was a repositioning, a way to say, 'We're not your opponent. We're your ally in a bigger fight.' And it started working. Markets across North America responded with optimism. The TSX and SNP500 both hit record highs during the first week of July. According to Bloomberg, much of that optimism stemmed from perceived progress in the US Canada 3:00 talks, especially after Canada stepped away from the digital services tax that had angered Washington. But that optimism might have been premature because while Trump's team expected a full deal by July 21st, Carney wasn't rushing. The days ticked down. Trump grew louder. But Carney remained still. And that's when Trump faced a problem he hadn't planned for. What happens when the pressure doesn't work? If Canada holds firm past July 21st, Trump must make a decision. Either follow through with punishing tariffs, which could trigger job losses across border states, or back down and risk looking weak. Reach a deal. And I just wonder what what you think about what messaging should be going out to Canadians in a moment that seems precarious, but of course, we don't really know. I think folks are are just hoping to hear from their prime minister and and from Canadian officials that they're on it and that they're doing everything they can and that they have Canadians back. 4:01 The economic stakes are real. Canada's services PMI fell to 44.3 in June, according to S&P Global, well below growth thresholds. US companies, especially in auto parts and logistics, are already cutting forecasts due to uncertainty over crossber flows. Both economies would suffer. But politically, Carney has space to wait. Polls show Canadians understand the stakes and the personality across the table. Trump, on the other hand, has no such room. His trade narrative depends on fast, visible wins. Delays don't just cost time, they cost credibility. In this trade standoff, Trump has the microphone. But Carney holds the clock. The louder Trump pushes, the more his own deadline becomes a trap. And the longer Carney waits, the more he turns Trump's strength into a vulnerability. This isn't about who talks more. It's about who understands the moment better. And right now, silence is speaking 5:01 louder than ever. The only thing that can't be created here is an end to the tariffs. It's affected me pretty severely. The main thing being the complete uh drop off of our American sales momentum. It's our plan to say let's produce as much as we can in Canada. In 2025, Donald Trump launched a new round of tariffs. Cars not made in the US 25% aluminum, steel, lumber, more tariffs. His message was simple. Bring factories home. Punish foreign suppliers. Rebuild American industry. But just months into this effort, the consequences are taking shape, and they're not what the White House promised. Canadian firms are pulling back. US businesses are scrambling, and everyday Americans are paying more for cars, groceries, even homes. Ron Marcolan says many businesses in the region have focused on growing trade with Europe and India. A recent survey conducted by the group shows the tariffs 6:01 continue to negatively impact businesses across Canada. Across Canada, the message was clear. The US was no longer a stable trade partner. In New Brunswick, glass maker Curtis Dion saw his US sales vanish. In 2024, buyers from the US made up 10% of his business. In 2025, that number dropped to zero. Schneider Electric, a global energy firm, made its own move. It expanded production at its plant in Brousard, Quebec, boosting capacity by 30% and hiring 17 new workers. The goal wasn't growth for its own sake. It was a pivot away from dependency. The company said it planned to produce as much as we can in Canada, regardless of what happened across the border. And the data supported this shift. According to Statistics Canada, in May 2025, exports to the US declined while exports to other countries surged nearly 6%. A 7:00 record. That shift wasn't symbolic. It was structural. Canada also holds strategic leverage. Ontario briefly floated a 25% sir charge on electricity exports to the US chlorine, aluminum, and softwood lumber. Key ingredients for US infrastructure and consumer goods largely come from Canadian sources. And if tariffs push them out, the alternatives will be slower, pricier, and less secure. One thing's for sure, cars are about to get more expensive in the US. Aluminum is a whole different world. There's a reason why it was outsourced to begin with. We have to ask ourselves, what are the reasons why we don't produce enough in this country? Inside the US, many companies are caught off guard. Big brands like Walmart stocked up early. Their imports from China jumped 33% in 2024. But small firms didn't have that luxury. Deer Stags, a footwear company, imports 98% of its shoes from China. With no room to 8:02 stockpile, they now face tariffs over 16% pulled directly from their bank account by US customs. At IT Logistics in Fort Worth, Texas, companies rush to store goods before tariffs kicked in. But that came at a cost. Warehousing, shipping, compliance, it all adds up and all of it gets passed to the customer. For businesses without deep pockets, this isn't protection, it's punishment. That brings us to the people who have no choice but to absorb it all. American consumers. In March 2025, the aluminum tariff was raised to 25%. By May, the US Midwest aluminum premium had jumped more than 60% according to SNP Global. Coca-Cola warned it may shift more packaging to plastic to avoid the impact. In the auto sector, the fallout was sharper. The average transaction price for new cars in the US neared $50,000 in February 2025 with 9:01 tariffs. Analysts from Cox Automotive projected price hikes between 15% and 20% for cars built outside the US or made with foreign parts. That's roughly $6,000 added per vehicle. The construction industry was hit, too. Core Logic estimated that tariffs on steel, aluminum, and Canadian lumber could raise the price of a newly built home by $22,000 over the next 12 months. That's on top of a market where over 100 million American households already can't afford the median home price. Trump promised a revival. Factories, jobs, American steel. But reality moves slower. New aluminum smelters take up to 10 years. Sawmills can't ramp up overnight. Labor shortages and environmental limits stand in the way. Meanwhile, Canada is already moving forward, cutting exposure to US risk and finding new markets. And back in the US, it's not China or Mexico footing the 10:00 bill. It's the small manufacturers, the independent builders, the families trying to buy their first home. Trump called it a trade strategy, but to many Americans, it's starting to look like a bill they can't afford that deal. The White House is very hard to read. Do they want a deal or not? Economy, it will certainly not be good for any economy to tariff each other and uh and back and forth reciprocal tariffs. The headlines said Trump won. Canada had backed down, scrapping a digital services tax just hours before it took effect. Trump reopened trade talks and claimed victory. But behind the scenes, the pressure was only building. Now Trump is going further, targeting one of Canada's most vital sectors, auto manufacturing. And as the deadline approaches, Prime Minister Mark Carney is signaling this fight isn't over. This is no longer just a tax negotiation. It's a clash over economic survival with two nations locked in and 11:00 one sector at the center. But you know, the president keeps talking about sticking points like supply management. Obviously, he's going after auto sector. So, we'll see. It's looming. Only 19 days in counting. Since March 2025, the US has imposed a 25% tariff on Canadian automobiles with small carveouts for US-made parts. The move hit hard across an integrated crossber supply chain. Canada exports around 85% of its auto production to the US, most of it through systems where parts cross the border up to six or seven times before final assembly. But tariffs broke that rhythm. US automakers facing cost uncertainty paused many new tooling programs. In Windsor, Ontario, Canada's auto hub, some facilities laid off up to 50% of workers by mid 2025. Even logistics stalled. Truckers reported slower traffic and fewer loads. With over 70% of US Canada trade moved 12:00 by truck, the disruption spread fast. Talking about I mean, Donald Trump seems so intent on destroying Canada's ability to make cars. That seems to be such a suan. April 2025 brought more bad news. According to Statistics Canada, Canadian auto exports to the US dropped 23% compared to April 2024. The chain reaction was immediate. Halted production, idle workers, frozen investments. But amid the damage, Carney began reccalibrating. In early July, the prime minister met with top executives from Ford Canada, GM Canada, Stalantis, and the Canadian Vehicle Manufacturers Association. Behind closed doors, they mapped out responses from legal options to production shifts. One sticking point was Canada's zero emissions vehicle mandate. As of quarter 1, 2025, EVs made up only 8% of new vehicle sales. Yet, the law required that 20% of all 13:00 passenger vehicles sold in 2026 be EV or hybrid. Automakers warned the target was unreachable. Missing it would mean buying carbon credits or paying up to 20,000 Canadian per vehicle for charging infrastructure. Facing economic headwinds and corporate backlash, Carney signaled flexibility, not surrender. He also leaned into longerterm reforms, dismantling interprovincial trade barriers and accelerating free trade efforts with Europe and Asia. It's a shift modeled after Australia, diversifying away from US dependence. This wasn't retreat, it was repositioning. Trump's next deadline is July 9th. That's when his temporary tariff freeze ends. Unless Canada makes new concessions, more tariffs could be triggered, possibly targeting untaxed sectors. But Carney has his own date circled, July 21st. That's the deadline he set for a new Canada US deal. If no agreement is reached, Ottawa could reintroduce its retaliatory tariffs, 14:01 covering over 125 billion in US goods from agriculture to tech. Meanwhile, the public is already pushing back. The Buy Canada movement is growing. Consumers are ditching US wine and spirits. Crossber travel is down. Vacation homes in Florida are hitting the resale market. Canadians aren't waiting for policy. They're voting with their wallets. Behind the scenes, Canada is also working to expand trade with the EU and Indo-Pacific, building economic resilience far from Washington's reach. The next two weeks will decide everything. Will Trump push for more, confident that Canada will blink again? or has he overplayed his hand, pushing Carney into a corner where retaliation becomes politically unavoidable? On July 9th, we may see the first answer. By July 21st, we'll know who flinches and who fights back. This isn't just about cars. It's about leverage, 15:00 leadership, and how far each side is willing to go. Stay tuned. About Trump’s Trade Bluff Exposed by China — Only Paper Promises, and Trump Called It Victory ... by Trade Report News Trump Meltdown as Canada Turns the Tables — Here’s How Carney Used Energy Exports to Flip the Script ... by Trade Report News Trump’s Meltdown as His Auto Gamble Backfires – But Canada Refuses to Fold ... by Trade Report News

SITE COUNT